Crude-Oil Futures Drop
As Glut Continues to Build

Oil prices dropped, with the crude-oil futures contract for June delivery sputtering on its last day of trading -- falling at one point to a 9 1/2-year low.

A growing glut of oil in the nation's heartland led to the sinking value of the benchmark contract, whose delivery point is located at Cushing, Okla. June crude tumbled $1.11 a barrel, or 7.9% to $12.96 after slipping at one point to $12.50 a barrel, the lowest price for a nearby...